Executive pay in Britain remains too high in the aftermath of the global economic downturn, the vast majority of institutional investors believe.
New research published today (April 17th) by The Share Centre has revealed that 95 per cent of these professionals are of the opinion that people in senior management positions are remunerated too generously for their work.
The Accountability in Business report established there is a widely-held opinion that bosses receive wages and bonuses that are disproportionate to their performance.
Indeed, some 83 per cent of respondents to the study admitted they are in favour of a system being introduced whereby executive pay is directly linked to the achievements of the individuals in question.
Meanwhile, 12 per cent said they think a gap still exists between the pay offered to male boardroom members and their female colleagues.
With this in mind, 24 per cent indicated they feel that further investigation and analysis on this issue is needed following Lord Davies' report last year.
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Posted by Francesca Witney